STELLAR (Stellar) is a technology designed to simplify the transfer of finance both between ordinary people and between different financial institutions. The founders strive to make money transactions as easy and accessible as, for example, communicating via e-mail. If all their plans come true, then the availability of such operations for ordinary people around the world will significantly increase, banks will reduce their costs, and businesses will be able to increase profitability.
FEATURES OF STELLAR CRYPTOCURRENCY
Behind the Stellar token is a whole non-profit foundation called the Stellar Development Foundation. It is completely decentralized and has its own open protocol, which allows it to attract even more investors who are not afraid of unexpected changes related to the actions of its developers.
Even the payroll records of employees, as well as all other reports related to the company's activities, are in the public domain.
In total, 100 billion coins were initially issued, at the time of writing their number slightly exceeds the 104 billion mark. A quarter of this number was immediately distributed among various non-profit organizations, and 5% remained in the system as funds to pay for expenses.
If you think that the forecast of the Stellar cryptocurrency depends on the actions of these organizations, then this is in vain, because all tokens will be frozen for the next 4 years. Based on this, there simply cannot be any manipulations. The developers took this step after fears about Ripple.
Based on the foregoing, any investor will begin to trust the Stellar developers, who claim that there are no gambling components in their project at all.
The last big news about the Stellar cryptocurrency was back in 2014, when the company announced its rebranding, renaming the tokens to Lumen. At the moment, the coin is most often found under two names combined into one - Stellar Lumen and has the letter abbreviation XLM.
Stellar is a protocol (of course, decentralized), on the basis of which you can organize financial activities, including sending money around the planet. An interesting feature is such a moment - for example, you send a transfer to your partner in the American currency, and he, if he wishes, can receive these funds in euros (or in any other currency). But the main idea, like in Ripple, is to bridge the gap that divided crypto and fiat money. This can be done only by simplifying the transfers between them to the maximum. So we will not be much wrong if we imagine STR as a distributed currency exchange on a global scale.
HOW STELLAR IS DESIGNED
To begin with, there is an internal (native) currency in the Stellar network, which is called the same as the entire network or STR for short. The basic element of the network is the Ledger "ledger", that is, a kind of conditional "ledger", equally accessible to all members of the community. This is a kind of storage (similar to the BTC block chain), where all transactions and balances are reflected. As for the coins, their volume increases by 1% annually.
In order to protect the network from overload by creating a huge number of accounts (malicious spam), there is a requirement that at least 50 STR coins must be permanently on each balance. This measure does not create any particular inconvenience to users, since the amount is insignificant, but the required effect is achieved. There is a way to protect against "operational (transactional) spam", which is expressed in a large number of transactions. Every time you make any money transaction, 0.00001 STR is deducted from your balance. This money is not levied in favor of the system; it ceases to exist.
Stellar transfers to any account are made very quickly, literally instantly, and completely free of charge. The limited number of coins does not allow currency devaluation. The network supports all possible currencies, and members are not required to keep their savings in STR or use them in exchange transactions.
The Stellar distributed exchange model provides users with the opportunity to independently, without brokers and the hassle of exchanging one money for another, to carry out trade transactions. You just need to post your offer in Ledger, and any user can do it. Then the network finds the most suitable ways to complete the transaction. For example, you pay for this or that product from your dollar account, but the seller wants to receive payment exclusively in euros. You do not need to worry about converting your "bucks", the network itself will take care of this, referring to the search for the best option to numerous market makers competing with each other for the opportunity to make a profit.
This crypt is very suitable for the role of an intermediate currency in the case when counterparties cannot decide on a common currency (a combination of gateways). Using STR as a neutral option is very convenient and free of counterparty risks. For example, one side of the transaction prefers American rubles, and the other prefers the euro. It is not always possible to find a market maker that satisfies both parties, working with a given currency pair. In such cases, the intermediate currency comes to the rescue, in our case STR, for which each party changes its funds to complete the transaction, and then undertakes a reverse exchange.
Complete Stellar Review
The year of the creation of the new platform is considered 2014. It is based on the same source code as the well-known Ripple and at first was perceived, and in fact was, an offshoot of this network, although over time it acquired complete independence
STELLAR PERSPECTIVES
It is obvious that the XLM value will grow as the protracted correction will end sooner or later. But the correction can play a cruel joke and send most of all coins to the bottom, from which many companies will not get out. Experts believe that this does not threaten the coins from the Top 10, because they are backed by large projects.
The Stellar cryptocurrency rate can still rise 10, or even 100 times, because the project has a number of distinctive features that can attract larger investors. for example, the previously described technology of instant transfer of any assets with practically no commissions.
The practical significance of the coin has already been demonstrated not only on the official Stellar portal, but also in the organization of the Vumi messenger, the developers of which plan to use the cryptocurrency in question as payment for some services.
Among major investors, interest in the currency is already shown by IBM, which is a giant in the information technology market. It is quite obvious that if such companies start investing in Stellar, then the token will easily reach the top three in terms of market capitalization.
Obviously, it's time to register XLM wallets that will allow you to store the coin until the company gains worldwide recognition from investors and users. It is important to understand that short-term manipulations of "bears" are possible with any token and only they can make money on it. You do not need to succumb to provocations and immediately withdraw money on exchanges in order to sell them at a reduced price.
It is also important to understand that the Stellar Lumens cryptocurrency is just one of the many elements of an investment portfolio. You should not trust all available funds to a single company. It is important to distribute your own investments for several promising projects, not forgetting about the fundamental currency - Bitcoin. This is the only way to get real profits on cryptocurrency without fear of the fall of one or two "giants".